30.3 mt @ 1.70% cueq, page-176

Denial,

No offence mate, but you are failing to say what is the average cost per share, out of the total shares that M & G bought in CDU.

You will find out that the total average they paid, could be well below what Oceanwide has paid for their shares in CDU. That was what I was telling the forum.

As for how fund managers work, although I agree with your comments, it is definitely not what was discussed in the first place.

As an example, I have loaded up with CDU myself when the sp was in excess of $4 per share, but the most important thing that I have to consider is, that my basic cost average price is way below what the sp is at today.

Did I loaded up because I realized that the value was there and that CDU was undervalued ?
Not really. Because, IMO, no one can consider CDU's shares to be undervalued until a DFS or BFS is released to the market.
I bought because I thought it was a good punt while the sp was on the move up, and the hype was there. And even if it was going to fail, (unless we were going back to a second round of a GFC or heaven forbid a repetition of the 18th of August of last year), the odds were in my favour, and I could not lose. So, if the sp was to move up, I would win, and if the sp was to come back down as it did, I would still win. Although I have to admit that it wouldn't have been as much. For me, and possibly others here in the same position, a WIN WIN situation.